Opinion / #carbon trading
Asean's growing carbon trading initiatives present vast opportunities for emissions reduction and economic growth, but equitable frameworks and robust regulations are critical to their success.
Instead of backtracking on net zero, companies are retracting unsubstantiated carbon neutrality claims – a positive development.
Private investment in conservation is always welcome but the evidence suggests governments will need to do the heavy lifting when it comes to repairing nature.
It is risky to assume the many high-level standard-setting initiatives today can provide blanket improvements. Asian businesses all have a part to play to create a trusted carbon market that benefits climate, nature and stakeholders.
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